Six Ohio VC Firms Will Invest $100M in Blockchain Startups

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Announced yesterday, six Cleveland technology funds will be investing $100 million in blockchain startups. These accelerators aim to entice early-stage blockchain companies to come to Ohio to develop blockchain solutions for business, government, and more applications.

Leading the way are JumpStart and FlashStarts, both venture capital accelerators based in Ohio. Informally announced on Cleveland.com, this $100 million investment also comes with $200 million in possible tax cuts for companies that partake in Ohio’s “Opportunity Zones” tax exemptions. There will also be $6 million available for blockchain companies by another local venture fund, FlashStarts.

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